{"id":1004161029,"date":"2016-12-07T00:59:32","date_gmt":"2016-12-07T08:59:32","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004161029"},"modified":"2022-12-08T13:01:01","modified_gmt":"2022-12-08T21:01:01","slug":"jersey-medical-office-asset-commands-64m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/jersey-medical-office-asset-commands-64m\/","title":{"rendered":"Jersey Medical Office Asset Commands $64M"},"content":{"rendered":"<p>By Keith Loria, Contributing Editor<\/p>\n<div id=\"attachment_1004161030\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/12\/Select-Medical-Rehabilitation-Facility-Marlton-N.J..png\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004161030\" data-attachment-id=\"1004161030\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/jersey-medical-office-asset-commands-64m\/select-medical-rehabilitation-facility-marlton-n-j\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/12\/Select-Medical-Rehabilitation-Facility-Marlton-N.J..png\" data-orig-size=\"500,363\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Select Medical Rehabilitation Facility, Marlton, N.J.\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/12\/Select-Medical-Rehabilitation-Facility-Marlton-N.J..png?w=500\" loading=\"lazy\" class=\"wp-image-1004161030 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/12\/Select-Medical-Rehabilitation-Facility-Marlton-N.J..png\" alt=\"Select Medical Rehabilitation Facility, Marlton, N.J.\" width=\"300\" height=\"218\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/12\/Select-Medical-Rehabilitation-Facility-Marlton-N.J..png 500w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/12\/Select-Medical-Rehabilitation-Facility-Marlton-N.J..png?resize=300,218 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004161030\" class=\"wp-caption-text\">Select Medical Rehabilitation Facility, Marlton, N.J.<\/p><\/div>\n<p><strong>Marlton, N.J.<\/strong>\u2014Carter Validus Mission Critical REIT II Inc. has acquired the Select Medical Rehabilitation Facility, a three-story rehabilitation building located in Marlton, N.J., for approximately $63.6 million.<\/p>\n<p>\u201cWe are delighted to add another high-quality, long-term net leased asset to our healthcare portfolio,\u201d John Carter, CVMC REIT II CEO, said in a prepared release. \u201cWe continue to be enthusiastic about our growing pipeline of accretive assets and the value we believe transactions such as this are adding for investors.\u201d<\/p>\n<p>Originally constructed in 1995, the medical building offers 89,000 rentable square feet and is currently 100 percent net leased to Kessler Institute for Rehabilitation Inc., a subsidiary of Select Medical Holdings Corp.<\/p>\n<p>The building is slab-on-grade and steel framed with an exterior insulation and finish system. Services include inpatient physical, occupational, speech and recreational therapy as well as outpatient aquatic therapy, prosthetic training, lymphedema management, balance rehabilitation, and vestibular therapy.<\/p>\n<p>\u201cWe believe the Select Medical Rehabilitation Facility is a great addition to our growing portfolio,\u201d Michael Seton, CVMC REIT II president, said. \u201cThe facility benefits from its on-campus location and is directly connected to one of its primary referral sources, Virtua Marlton Hospital. We are pleased to align ourselves with Kessler and Select Medical on this transaction and anticipate it will bring additional value to CVMC REIT II.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Carter Validus Mission Critical REIT II has acquired an 89,000-square-foot office building located in Marlton.<\/p>\n","protected":false},"author":451,"featured_media":1004161030,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21808,21754,21742,10,21747],"tags":[32935],"class_list":["post-1004161029","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-featured","category-medical-office","category-latest","category-northeast","category-office","tag-carter-validus-mission-critical-reit-inc"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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